[via PDK] Comment: [Guru] Militia Man theorizes that the ID is worth 40% more than the Kuwait dinar due to oil reserves. My math guesses it will be around $4.50+… [Reference Militia Man post 1-21-25] MarkZ: I very much agree with Militia Man. I don’t know if he took into account the 2 billion barrels of oil they just discovered this week…but it is looking good.
Above mentioned Post is below
Militia Man Article: “The Kuwaiti dinar currently is the strongest currency in the world… 31 Kuwaiti dinars for every US dollar.” If you do the math it turns out to be about $3.22… Quote “It’s worth noting Kuwait has about 7% of the world’s oil reserves which greatly supports the value of the currency…According to 2023 data Iraq has significantly more oil reserves than Kuwait with Iraq holding approximately 145 billion barrels of oil compared to Kuwait’s 101.5 billion…” Iraq has 43% more oil than Kuwait. [Kuwait’s] currency is strongest in the world…Iraq has the ability to be at least 43% more valuable based off oil, let alone their non-oil revenues…Pretty exciting times!
